Tutor Perini Corporation (NYSE:TPC) Plans Quarterly Dividend of $0.06

Tutor Perini Corporation (NYSE:TPC) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Thursday, May 21st will be given a dividend of 0.06 per share by the construction company on Thursday, June 4th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, May 21st.

Tutor Perini has a dividend payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tutor Perini to earn $5.30 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.5%.

Tutor Perini Price Performance

TPC opened at $97.10 on Thursday. The firm has a market cap of $5.11 billion, a P/E ratio of 63.88 and a beta of 2.18. The firm has a 50-day moving average of $79.27 and a 200 day moving average of $73.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.27 and a current ratio of 1.27. Tutor Perini has a fifty-two week low of $22.97 and a fifty-two week high of $100.00.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, research analysts expect that Tutor Perini will post 4.72 EPS for the current year.

About Tutor Perini

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.